REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB 27. Section 4.1. Qualification, Organization, Subsidiaries, etc. 27 Page
REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB 27. Section 4.1 Organization 27 Section 4.2 Corporate Authority Relative to this Agreement; Consents and Approvals; No Violation 28 Section 4.3 Litigation 29 Section 4.4 Parent and Merger Sub Information 29 Section 4.5 Finders or Brokers 29 Section 4.6 Financing; Solvency 29 Section 4.7 Guarantee 31 Section 4.8 Merger Sub 31 Section 4.9 Certain Arrangements 32 Section 4.10 Ownership of Company Common Shares 32 Section 4.11 Investigation; No Other Representations 32 Section 4.12 No Other Representations or Warranties 33 ARTICLE V. COVENANTS AND AGREEMENTS 34 Section 5.1 Conduct of Business 34 Section 5.2 Access 38 Section 5.3 No Solicitation 39 Section 5.4 Written Consent; Information Statement 42 Section 5.5 Employee Matters 43 Section 5.6 Regulatory Approvals; Efforts 44 Section 5.7 Takeover Statutes; Rights Agreement Amendment 47 Section 5.8 Public Announcements 47 Section 5.9 Indemnification and Insurance 48 Section 5.10 Financing and Financing Cooperation 49 Section 5.11 Transaction Litigation 52 Section 5.12 Obligations of Merger Sub 53 Section 5.13 Stock Exchange Delisting; Xxxxxxxxxxxxxx 00 Section 5.14 Section 16 Matters 53 Section 5.15 VKidz 53 Section 5.16 Majority Stockholder Agreements 54 Section 5.17 Resignations 54 Section 5.18 Notification of Certain Events 54 Section 5.19 Confidentiality 55 ARTICLE VI. CONDITIONS TO THE MERGER 55 Section 6.1 Conditions to Each Party’s Obligation to Effect the Merger 55 Section 6.2 Conditions to Obligation of the Company to Effect the Merger 56 Section 6.3 Conditions to Obligation of Parent to Effect the Merger 56 Section 6.4 Waiver of Conditions; Frustration of Purpose 57 ARTICLE VII. TERMINATION 57 Section 7.1 Termination or Abandonment 57 Section 7.2 Effect of Termination 59 Section 7.3 Termination Fees and Expense Reimbursement 59 ARTICLE VIII. MISCELLANEOUS 62 Section 8.1 No Survival 62 Section 8.2 Expenses; Transfer Taxes 63 Section 8.3 Counterparts; Effectiveness 63 Section 8.4 Governing Law; Jurisdiction 63 Section 8.5 Remedies 64 Section 8.6 WAIVER OF JURY TRIAL 65 Section 8.7 Notices 65 Section 8.8 Assignment; Binding Effect 67 Section 8.9 Severability 67 Section 8.10 Entire Agreement 67 Section 8.11 Amendments; Waivers 67 Section 8.12 Headings 68 Section 8.13 No Third-Party Beneficiaries 68 Section 8.14 Interpretation 68 Section 8.15 Conflicts; Privilege 69 Section 8.16 Non-Recourse 70 Section 8.17 Definitions 70 EXHIBITS: Exhibit A - Form of Certificate of Incorporation Exhibit B - Form of Bylaws AGR...
REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB 27. Section 4.1 Organization 27 Section 4.2 Authority 28 Section 4.3 No Conflict; Required Filings and Consents 28 Section 4.4 Absence of Litigation 29 Section 4.5 Capitalization and Operations 29 Section 4.6 Brokers 29 Section 4.7 Certain Arrangements 29 Section 4.8 Financing 29 Section 4.9 Limited Guarantee 30 Section 4.10 Ownership of Shares 30 Section 4.11 Solvency 30 Section 4.12 No Other Contracts 31 Section 4.13 Schedule 13E-3; Proxy Statement 31 Section 4.14 Non-Reliance on Company Estimates 31 Section 4.15 Independent Investigation 31 Section 4.16 No Other Representations or Warranties 32
REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB 27. 4.1 Corporate Organization 27 4.2 Authority Relative to this Agreement 29 4.3 Consents and Approvals; No Violations 29 4.4 Litigation 30 4.5 Brokers 30 4.6 Available Funds 30 4.7 Ownership of Merger Sub; No Prior Activities 31 4.8 No Ownership of Company Capital Stock 31 4.9 Proxy Statement 31
REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB 27. 5.1 Organization and Standing 27 5.2 Corporate Power 27 5.3 Authorization 27 5.4 Authorized Securities 28 5.5 Subsidiaries 28 5.6 Capitalization 28 5.7 Compliance with Securities Laws 29 5.8 Absence of Certain Changes or Events 30 5.9 Internal Controls 30 5.10 Material Agreements 30 5.11 Title to Properties and Assets; Liens 31 5.12 Compliance with Other Instruments and Laws 31 5.13 Litigation 31 5.14 Governmental or Third Party Consents 32 5.15 Permits 32 5.16 Brokers or Finders 32 5.17 Tax Returns and Payments 32 5.18 Insurance 33 5.19 Environmental and Safety Laws 33 5.20 No Assets; No Liabilities 33 5.21 Application of Takeover Protections 33 5.22 Operations of Merger Sub 34 5.23 Disclosure 34 5.24 Trading Matters 34 5.25 Foreign Corrupt Practices 34 5.26 OFAC 34 5.27 Patriot Act 34 ARTICLE VI ADDITIONAL AGREEMENTS 35 6.1 Confidentiality and Announcements 35 6.2 Tax Free Contribution for U.S. Federal Income Tax Purposes 35 6.3 Transaction Form 8-K; Form 8-A; Other Filings 35 6.4 Kidville Manager and Member Meetings and Merger Sub Stockholder Meeting 36 Page
REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB 27. Section 3.1. Qualification; Organization, Subsidiaries, etc 27 Section 3.2. Corporate Authority Relative to This Agreement; No Violation 28 Section 3.3. Investigations; Litigation 29 Section 3.4. Financing 29 Section 3.5. Commitment Agreement 29 Section 3.6. Capitalization of Merger Sub; No Prior Activities 29 Section 3.7. Information in Proxy Statement 29 Section 3.8. Finders or Brokers 29 Section 3.9. Lack of Ownership of Company Common Stock 30 Section 3.10. Solvency 30 Section 3.11. No Additional Representations 30 Section 3.12. Acknowledgement Regarding Company Representations 30
REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB 27. Section 3.1 Due Organization; Etc 27
